Tech on GBP/USD

Market news

3 June 2011

Tech on GBP/USD

Resistance 3: $ 1.6500 (around of Jun 1 high, resistance line from May 2)

Resistance 2: $ 1.6420 (resistance line from May 31, Jun 2 high, 50,0 % FIBO $1,6550-$ 1,6300)

Resistance 1: $ 1.6380 (session high, МА(200) for Н1)

Current price: $1.6342

Support 1 : $1.6300 (50.0 % FIBO $1.6060-$ 1.6550, Jun 2 low)

Support 2 : $1.6240 (61.8 % FIBO $1.6060-$ 1.6550)

Support 3 : $1.6130 (May 25 low)

Comments: the pair slightly decreased. The nearest support $1.6300. Below decrease is possible to $1.6240. The nearest resistance - $1.6380. Abov growth is possible to $1.6420.

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